Auto sales down in September from August

Auto sales slipped in September from August, initial data from major carmakers showed, adding to evidence that the market remains stuck in a slow-motion...

Cult Status? Secretive Culture Led Toyota Astray

Toyota Motor's President Akio Toyoda, second from left, and Vice President Shinichi Sasaki, left, bow following a news conference Tuesday.

Details from the crisis enveloping Toyota reveal a growing rift between the auto maker and U.S. regulators, as a secretive corporate culture clashed with disclosure requirements.

Jack Welch Attacks Obama

Jack Welch, former chief executive officer of General Electric Co., criticized the government- backed bankruptcy of Chrysler LLC for favoring unions at the expense of creditors and said President Barack Obama’s economic stimulus programs will cause budget deficits..

www.bloomberg.com

GMAC Said to Get $7 Billion to Fund Chrysler, GM Customers

GMAC LLC, the auto and home lender that was bailed out in December, will receive more than $7 billion in government funds to provide financing for customers of Chrysler LLC and General Motors Corp., according to two people familiar with the matter..

www.bloomberg.com